The Spanish company realizes a value of more than 70,000 million euros
The Spanish Iberdrola, with a market value of more than 70,000 million euros, has become the second largest electricity company in the world this week, after the American NextEra, according to the closing of the trading floors on Friday.
The electricity company led by Ignacio Galán manages to climb the podium in a week in which the main Spanish energy companies have presented results.
The Basque electricity company closed on Friday with a capitalization of 70,201 million euros, surpassing the also American Duke Energy with which it competes very closely. NexEra is the largest electricity company in the world with 136,000 million euros.
In Europe, however, Iberdrola already led the ranking of companies with the highest capitalization over Italy’s Enel, parent company of Endesa, and the French state-controlled EdF, which closed yesterday with capitalizations of EUR 53,212 million and EUR 46,108 million, respectively.
Last Wednesday, at the presentation of its annual results, the company announced that it continues to take firm steps in its commitment to accelerate the energy transition to reduce dependence on fossil fuels, despite being the sector that has benefited most from the crisis, the company said. to recently known results.
This new function coincides at a crucial moment for the energy transition. Iberdrola made historic investments of 10,730 million euros in 2022, which is 13% more than in the same period of the previous year. As a result, the company achieved a global net result of EUR 4,339 million, despite the 19% drop in net profit of Iberdrola Spain.
Source: La Verdad
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